Fortune Minerals (TSE:FT) has released an update.
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Fortune Minerals has secured a convertible securities funding deal worth up to C$10 million with Lind Partners, with an initial C$1.25 million drawdown earmarked for a downpayment on an Alberta refinery site. The funding is part of Fortune’s plans to develop a hydrometallurgical refinery to process metals from its NICO cobalt-gold-bismuth-copper project. The agreement includes various conversion rights for Lind and a conditional approval from the Toronto Stock Exchange.
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